With the rise in reported scams, ‘pig butchering,’ designed to defraud victims worldwide, Meta is taking action to fight against these organized scam operations. It has shut down over two million accounts linked to fraudulent activities. These accounts were from countries like the UAE, Laos, Myanmar, Cambodia, and the Philippines. According to the U.S. Institute of Peace, approximately $64 billion is stolen globally through such scams each year.
With the rise in reported scams, ‘pig butchering,’ designed to defraud victims worldwide, Meta is taking action to fight against these organized scam operations. It has shut down over two million accounts linked to fraudulent activities. These accounts were from countries like the UAE, Laos, Myanmar, Cambodia, and the Philippines. According to the U.S. Institute of Peace, approximately $64 billion is stolen globally through such scams each year.